Investor named after mythical hellhound is snatching up metro Phoenix’s affordable houses

By Catherine Reagor | The Republic

First-time homebuyers in metro Phoenix are dealing with a new competitor for the area’s shrinking supply of affordable houses.

A cash-wielding investor named after the hound of Hades has snatched up almost 600 Valley homes priced below $300,000 since November, public real estate records show.

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